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India GDP growth

India poised to surpass Japan in GDP ranking by 2025

India poised to surpass Japan in GDP ranking by 2025

Thu, Nov 14, 2024

The International Monetary Fund sees the switch happening in 2025. S&P Global Ratings is looking at 2030 for the two countries to swap places, the article states.

India GDP growth at 7.8% in Q4, better than economists' expectations; FY242 expansion at 8.2%

India GDP growth at 7.8% in Q4, better than economists' expectations; FY242 expansion at 8.2%

Fri, May 31, 2024

India's gross domestic product (GDP) expanded 7.8 per cent in the January-March period, beating economists' expectations. The quarterly and yearly GDP readings come days ahead of the much-anticipated outcome of a mega, six-week-long polling exercise to elect a new administration for the world's largest democracy.

S&P revises India outlook to 'positive' from 'stable', expects reforms to continue

S&P revises India outlook to 'positive' from 'stable', expects reforms to continue

Wed, May 29, 2024

Global ratings agency S&P said it expects the fundamentals of the Indian economy to aid growth momentum over the next 2-3 years.

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GDP likely to grow at 10% in FY22: Economic Advisory Council Chairman Bibek Debroy

GDP likely to grow at 10% in FY22: Economic Advisory Council Chairman Bibek Debroy

Wed, Nov 17, 2021

India's economy is moving towards a higher growth trajectory and is likely to grow at around 10 per cent in 2021-22, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Wednesday.

Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS

Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS

Sat, Mar 06, 2021

With the economic activity gaining momentum post Covid 19 lockdown and rollout of coronavirus vaccines, the Indian economy is likely to do better than the projection of an 8 per cent shrinkage in the current fiscal, says Finance Ministry.

Government pegs FY19 GDP growth at 7.2%: Which sectors will boost Indian economy?

Government pegs FY19 GDP growth at 7.2%: Which sectors will boost Indian economy?

Tue, Jan 08, 2019

The Central Statistics Office (CSO) predicts Indian economy to grow at a rate of 7.2% by end of fiscal 2019, which is higher compared to 6.7% in the previous fiscal. What is noteworthy is that Indian government’s estimate for GDP is lower compared to RBI’s projection of 7.4%.

Nomura optimistic on India; sees GDP to grow by 7.7 pct in January-March

Nomura optimistic on India; sees GDP to grow by 7.7 pct in January-March

Mon, May 14, 2018

Nomura says despite the moderation in March, industrial production growth averaged 6.2 per cent in the January-March period, up from 5.9 per cent in Q4 (October-December).

India GDP growth forecast: World Bank says 8 pct acceleration possible, but there is a catch

India GDP growth forecast: World Bank says 8 pct acceleration possible, but there is a catch

Wed, Mar 14, 2018

India GDP growth forecast: India's economic growth had slipped to a three year low of 5.7 per cent in April-June quarter of the current fiscal, though it recovered in the subsequent quarters. The economy is expected to grow at 6.6 per cent in the current fiscal ending March 31, as per the second advanced estimates of the Central Statistics Office (CSO), compared to 7.1 per cent in 2016-17. The earlier estimate was 6.5 per cent.

First revised GDP estimates of FY15, FY16 and FY17 to be released today

First revised GDP estimates of FY15, FY16 and FY17 to be released today

Wed, Jan 31, 2018

Based on these estimate, then accordingly the CSO will revise further the GDP and GVA estimate for FY18 as second advance estimate on February 2018.

IMF's 7.4% growth forecast for India in FY19 a boost to Modi govt

IMF's 7.4% growth forecast for India in FY19 a boost to Modi govt

Tue, Jan 23, 2018

IMF in its World Economic Outlook update, January 2018, said that India will grow 7.4% and 7.8% in FY19 and FY20, respectively.

Government hopeful of higher GVA in agriculture sector in 2017-18

Government hopeful of higher GVA in agriculture sector in 2017-18

Mon, Jan 08, 2018

Following release of the Advance Estimate (AEs) of GDP and GVA for the economy for 2017-18, the Ministry of Agriculture and Farmers` Welfare on Sunday said that the agriculture sector is estimated to register a higher GVA in the next financial year.

India's GDP growth to be around 7.5% in 2018: Nomura report

India's GDP growth to be around 7.5% in 2018: Nomura report

Mon, Dec 25, 2017

The Nomura report noted that a tightening of monetary policy is likely owing to inflationary pressures and higher oil prices.

RBI's neutral policy stance a recognition of under-control inflation: Finance Ministry

RBI's neutral policy stance a recognition of under-control inflation: Finance Ministry

Wed, Dec 06, 2017

"The Monetary Policy Committee (MPC) recognized that inflation remains firmly under control, retaining its inflation projection for the second half of FY 2018 and assessing that the risks to this projection are evenly balanced. For that reason, it has maintained a neutral policy stance," a Ministry statement said.

RBI maintains 'status quo' 2nd time in row; repo rate stands at 6%

RBI maintains 'status quo' 2nd time in row; repo rate stands at 6%

Wed, Dec 06, 2017

Policy repo rate under the liquidity adjustment facility (LAF) continues to stand at 6%, while reverse repo rate under the LAF remains at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25%.

Rate cut or status quo: 14 factors will revolve around RBI decision

Rate cut or status quo: 14 factors will revolve around RBI decision

Wed, Dec 06, 2017

RBI kept repo rate unchanged at 6% in the last monetary policy meet with a neutral stance citing that rising consumer prices will threaten the trajectory for inflation.

India's GDP growth: Economists cut their forecasts

India's GDP growth: Economists cut their forecasts

Tue, Dec 05, 2017

Fitch alone is not disappointed by the country's current growth rate, CRISIL too has projected India's GDP at 6.8% with downside bias from previous 7% for FY18.

India Inc demands rate cut in December policy; will RBI follow?

India Inc demands rate cut in December policy; will RBI follow?

Sun, Dec 03, 2017

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will meet on December 5 and 6 for the Fifth Bi-monthly Monetary Policy Statement for 2017-18. The resolution of the MPC will be made public on December 6.

GDP data fails to cheer markets; Sensex, Nifty50 slump over 2%

GDP data fails to cheer markets; Sensex, Nifty50 slump over 2%

Sat, Dec 02, 2017

According to market observers, upbeat gross domestic product (GDP) growth data for the second quarter of 2017-18 failed to cheer the equity markets as investors remained cautious ahead of major events in the upcoming week.

India's GDP growth recovers to 6.3% in second quarter of FY18

India's GDP growth recovers to 6.3% in second quarter of FY18

Thu, Nov 30, 2017

The CSO said that GDP at constant (2011-12) prices in Q2 of 2017-18 is estimated at Rs 31.66 lakh crore, as against Rs 29.79 lakh crore in Q2 of 2016-17, showing a growth rate of 6.3 percent.

Indian economic growth set to end five-quarter slide: Reuters poll

Indian economic growth set to end five-quarter slide: Reuters poll

Tue, Nov 28, 2017

If that`s correct, the data will be the latest evidence of a broad-based global economic upturn across Asia and most of the world that has many major central banks poised to move away from ultra-easy monetary policy.

Prabhu asks industry to set a timeline for $1 trillion manufacturing revenue

Prabhu asks industry to set a timeline for $1 trillion manufacturing revenue

Mon, Nov 27, 2017

The share of manufacturing in GDP has been trending at 16-17 per cent for some years now and the previous Manmohan Singh government had set a target of taking this share to 25 per cent of GDP by the turn of 2025.

Time for India to boost per capita income: Experts

Time for India to boost per capita income: Experts

Sun, Nov 26, 2017

A week after Moody's Investors Service upgraded India's sovereign rating, S&P kept its India ratings unchanged at the lowest investment grade of 'BBB-minus' citing sizable fiscal deficits, a high net general government debt burden and low per capita income.

Indian economy on watch-list of S&P; positive rating can be reality in 2018

Indian economy on watch-list of S&P; positive rating can be reality in 2018

Sat, Nov 25, 2017

Two major agencies namely Moody's Investor Services and S&P have provided two different ratings outlook for India, one being cautious and other stating positive outlook for the country.

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